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June 22, 2022

CosmoEye Secures PLN 2,000,000 to help managers keep an eye on business operations using Artificial Intelligence

CosmoEye Secures PLN 2,000,000 to help managers keep an eye on business operations using Artificial Intelligence

Arkley Brinc VC has invested in a B2B streaming system for warehouse management and enterprise resource planning

 

WARSAW, 21st June 2022

 

CosmoEye sp. z o.o., a Polish company developing a B2B streaming system for warehouse management and enterprise resource planning, has successfully closed an fundraising round of PLN 2,000,000 from Warsaw-based investor Arkley Brinc VC – a fund co-created with the PFR Starter FIZ program from PFR Ventures, together with LPs Group One and co-founder of Brinc. The company is led by serial entrepreneurs Kosma Kindlik and Kamil Dudek, who have decades of executive experience building successful IT companies, with a deep understanding of internal and external logistics and processes of production companies.

The system has been created for businesses that require visibility of an entire warehouse, shop floor, or inventory, such as manufacturing companies, wholesalers, and eCommerce distribution centers. CosmoEye uses integrated video cameras and an artificial intelligence tool to analyze human and object images in real time according to the managerial plan, to ensure adherence of health and safety regulations, processes and operations on the warehouse floor. It enables managers to optimize supply chain fulfillment and logistics, reduce customer complaints, and receive informed feedback for objective process documentation.

It’s no secret that eCommerce sales have skyrocketed across most industry segments during the Pandemic, and continue to grow as consumer habits trend towards online retail channels.

The global e-commerce market reached a value of $13 Trillion in 2021, and is forecast to exceed $55 Trillion by 2027 . This market is served by FMCG production companies, distribution centers and warehouses, which require Warehouse Management and ERP Systems to optimize their operations and increase their output to meet rising consumer demand.

Therefore it stands to reason that the demand for ERP software has grown as businesses seek out centralized solutions to manage all their information system requirements. Last year, nearly 1/3 of enterprises in Poland used ERP and CRM software.

Arkley Brinc’ General Managing Partner, Piotr Wasowski, commented:

 

“The ERP and AI streaming systems currently on the market are only designed for big corporations; they don’t fit the needs or budgets of SMEs. But SMEs make up a huge and growing segment of the market that’s currently underserved. CosmoEye is exactly what they’ve been waiting for, and what they need to optimize their business operations.”

 

By using the CosmoEye system, businesses can improve safety, optimize operations and increase efficiency. The company already has some pilot customers using the system and is gathering feedback on its performance. Recent tests of the product produced a higher true/false rate than any existing product in the market, confirming the accuracy of the algorithms in their software. CosmoEye will offer two versions of their system; an Enterprise Solution and SBS (Small Business Solution). The product will officially be launched in the coming months.

 


 

Information Pack / Boilerplates



Arkley Brinc VC has invested in a B2B streaming system for warehouse management and enterprise resource planning

(From left to right: Arkley Brinc Managing Partner Bryony Cooper, CosmoEye founders Kosma Kindlik and Kamil Dudek, Arkley Brinc General Managing Partner Piotr Wasowski)

 

About Arkley Brinc VC

 

Arkley Brinc is a Venture Capital fund based in Warsaw, co-created together with PFR Ventures under the PFR Starter FIZ program. Arkley Brinc invests in early-stage companies developing innovative solutions in the field of IoT and hardware-enabled technologies. The total fund size is PLN 55.85 million, providing startups funding up to PLN 4 million and a global support network and industry expertise to give the best chance of success.
Arkley Brinc began as a joint initiative from Arkley Ventures – an Accelerator VC that focuses on early-stage hardware startups to help them grow from prototype to IPO, and Brinc – a global platform supporting entrepreneurs with acceleration, funding and services.
Visit https://arkleybrinc.vc/ | https://www.crunchbase.com/organization/arkley-brinc-vc
Address: Kopernika 11/23, 00-359, Warsaw, Poland
Email: hello@arkleybrinc.vc

 

About CosmoEye Sp. z o.o. (portfolio company of Arkley Brinc VC)

 

Address: ul. Fryderyka Chopina 14 lok. 18, Lublin, 20-023, Poland
Email / Contact: kosma.kindlik@cosmoeye.ai
Website: https://www.cosmoeye.ai/en

 

About PFR Ventures (public investor in Arkley Brinc VC)

 

PFR Ventures is an entity managing a fund of funds, providing financing via VC funds and groups of business angels for innovative SMEs at a different stage of development. PFR Starter FIZ is the program addressed to innovative companies at their earliest stage of development. For more information, please visit https://pfrventures.pl/en/.

 

About Group One (limited partner at Arkley Brinc VC)

 

Group One provides clients with integrated strategic, creative, media and technological services both in online and offline channels. The group consists of media agencies, with leading Value Media, two full-service creative agencies, e-commerce performance agency and a content agency. The group employs 400 specialists, supporting each other while building leading brands on the market. For more information, please visit https://www.groupone.pl/homepage

For more information in English, please contact Bryony Cooper on bryony@arkleybrinc.vc. For more information in Polish, please contact Magdalena Chałas on magdalena@arkleybrinc.vc

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CosmoEye LLC based in Lublin announces that it has received on 11.05.2022 through Arkley Brinc limited liability company ASI S.K.A. under the Program PFR Starter Closed Investment Fund public aid from the European Funds in the amount of 2.000. 000.00 (two million PLN) for the implementation of the project on the development and commercialization of a streaming B2B system for warehouse management and enterprise resource planning, using integrated cameras (hardware) and artificial intelligence tool for real-time image analysis according to the management plan.

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